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Dec 13 results
07:12
07:12

BoU Opposes Gov’t Proposal to Borrow from Domestic Market COVID-19 4 1 Top story

Domestic Borrowing is done through the issuance of government securities like treasury bills which are short term debt instruments with tenures ranging from 91, 182 and 364 days and treasury bonds with a maturity period of more than a year.
16:31
16:31

Is Ham's Loan from Diamond Trust Bank a Syndicated Loan?

A syndicated loan or a syndicated bank facility is financing offered by a group of lenders, who are then referred to as a syndicate, who work together to provide funds for a single borrower, according to US Based website, Investopedia. The borrower can be a corporation, a large project, or a sovereign government. The loan can involve a fixed amount of funds, a credit line, or a combination of the two.
04:32
04:32

Banking Sector joins DTB against Ham Kiggundu Case Judgement Commercial court

In a statement, UBA is now rallying all government business facilitation agencies like Uganda Revenue Authority, Uganda Investment Authority, the Ministry of Finance and the Judiciary, as well as private-sector agencies to join "join us in addressing the implications of the judgement and assist in avoiding the adverse effects" of the judgement on the economy and the country.
16:31
16:31

Surcharge Discouraging Use of Electronic Payment Cards - Operators cashless economy 3

Points of Sale and merchants, mainly supermarkets, are the main culprits in imposing the surcharge, which the card operators and vendors say is not necessary, but only adds to the cost of using the cards.
18:51
18:51

Government, Bankers Appeal for Foreign Rescue private sector 3

An assessment presented by UDB Executive Director, Patricia Ojangole shows that on average, 80 per cent of private sector businesses need financial help like physical cash, debt rescheduling or direct loans to be able to overcome the effects of the pandemic.
18:34
18:34

Gandhi Centre Project Delay, Bank Loan Interest Anger Migereko Tourism 4

Speaking at the inauguration of the 4th Board of the Uganda Tourism Board, the Chairman Daudi Migereko accused the management of UTB of being 'too slow' at implementing some projects. He said, Uganda had lost a lot during the COVID-19 pandemics and that it would be difficult to catch up with global trends unless they changed the way they do work.
17:31
17:31

Lockdown Sparked Leap in Electronic Banking Transactions digitalisation 3

Mobile money transactions grew by 19.3 per cent to almost 80 trillion Shillings, and of this, 41 trillion was recorded between January and June, half of the year during which the country went into a lockdown. The Escrow account balances, or money belonging to mobile money customers, whether saved or not yet withdrawn, grew by 51 per cent, while the value of debit and credit card transactions also rose 20 per cent.
11:19
11:19

PWD’s Decry Prohibitive Accessibility to Financial Banking Services financial access 2 1

Noah Muwanika, a PWD who walks with the help of clutches cannot access the ATM’s alone. He cannot stand alone, not even standing in the lengthy banking hall queues for hours.
18:17
18:17

Banks Restructured Loans Worth UGX 2 Trillion loans restructuring 2 1

According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, commercial banks received more than 750,000 restructuring applications. Of these, 755,000 requests worth 2.028 trillion Shillings were approved.
16:34
16:34

Commercial Banks Embrace Agency Banking For Financial Inclusion stanbic bank uganda 2 1

Uganda Bankers Association Chairperson, Patrick Mweheire says Agency Banking is delivering financial services to the underserved and unbanked population in the country.
12:42
12:42

Parliament Completes Scrutiny of Mobile Money Tax Amendment Bill bank of uganda 1

After a month, scrutinising the bill and interacting with different stakeholders, the finance committee is compiling the report before it can be read in the house.
08:37
08:37

Bankers Association, MasterCard Sign Financial Inclusion Pact 2

MasterCard is a leading global payments and technology company that connects consumers, businesses, merchants, issuers and governments around the world.
10:02
10:02

Commercial Banks Hike Transaction Charges 2014/15 budget 3

Ledger fees, ATM fees, withdrawal fees and periodic charges are some of the transactions on which the service fee is now levied under the Excise Tariff (Amendment) Bill. Also to be taxed are transactional/non-transactional charges excluding loan related charges periodically charged by Financial Institutions.
Dec 13 results